Used as a flavoring agent in food due to its sweet, creamy, and coconut-like aroma. Commonly found in dairy products, baked goods, and desserts to enhance flavor. Also serves as an intermediate in the synthesis of pharmaceuticals and polymers. Employed in the production of biodegradable plastics and resins because of its ability to polymerize into polycaprolactone, a biocompatible and degradable polymer used in medical devices and drug delivery systems. Additionally, used in perfumery for its pleasant odor and as a solvent in some chemical reactions.